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American International Group

A collection of news and information related to American International Group published by this site and its partners.

Top American International Group Articles

Displaying items 23-33
  • Former Treasury Secretary Timothy Geithner joins private equity firm

    WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday. Geithner, who was a major player in the...
  • 5 years after financial crash, many losers -- and some big winners

    5 years after financial crash, many losers -- and some big winners
    Never let a crisis go to waste, says an old rule of politics. For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
  • AIG to sell aircraft-leasing unit ILFC to AerCap for $5.4 billion

    Insurance giant American International Group Inc. announced it would sell a majority of its Century City aircraft-leasing unit to Netherlands-based AerCap Holdings, in a deal valued at $5.4 billion in cash and stock. The deal for International Lease...
  • BofA's legal costs mount in Countrywide mortgage fiasco

    NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis. Federal prosecutors want BofA to pay $864 million after the bank's stinging...
  • Aircraft-leasing pioneer looks at the short haul for the long haul

    Sometimes, things are even better the second time around. That's what Steven Udvar-Hazy is hoping. Nearly 40 years after co-founding International Lease Finance Corp. and pioneering its successful model of buying airplanes and leasing them to airlines,...
  • A Giant Returns After Massive Overhaul

     A Giant Returns After Massive Overhaul
    The Hartford Financial Services Group endured a massive overhaul in the past year and a half that resulted in a smaller company with far fewer employees. The remaining employees, however, say they enjoy working for a property-casualty and mutual funds...
  • A lexicon of the financial crisis and its aftermath

    The 2008 financial crisis and its aftermath introduced Americans to a new world of financial jargon and acronyms. A sampling: •Subprime: That was the banking industry's designation for mortgages made to borrowers with shaky credit. As the housing...
  • Local firefighters hone skills to fight boat blazes

    Local firefighters hone skills to fight boat blazes
    Fighting fires on land has its risks, but tackling blazes on yachts, whether in the water or docked, presents its own challenges. That's what more than a dozen Fort Lauderdale and Davie firefighters learned Tuesday during specialized marine firefighting...
  • Cummings calls for AIG's Benmosche to step down over comments

    Cummings calls for AIG's Benmosche to step down over comments
    WASHINGTON -- Rep. Elijah E. Cummings, the top-ranking Democrat on the House Committee on Oversight and Government Reform, called for the head of AIG to resign over comments he made comparing outrage over executive bonuses to lynchings that took place...
  • Of banker bonuses and public lynchings

    Of banker bonuses and public lynchings
    One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
  • Financial crisis five-year anniversary

    The traditional anniversary gift for a fifth anniversary is wood, so to honor of the fifth anniversary of the financial crisis, you can hand out wooden nickels. Five years ago, the U.S. financial system was brought to its knees. As a reminder of just...